A Firm's Expansion into Other Geographic Locations And/or Increasing the Range

question 73

Multiple Choice

A firm's expansion into other geographic locations and/or increasing the range of products and services offered to current markets is called

• A) forward vertical growth.
• B) diversification.
• C) backward vertical growth.
• D) captive company strategy.
• E) horizontal growth.

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Definitions:

Norepinephrine

A neurotransmitter involved in the body's response to stress and anxiety, also playing roles in attention, arousal, and mood regulation.

Oxytocin

A hormone and neurotransmitter involved in childbirth and lactation, also thought to be involved in bonding and social behaviors.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life and create distress for the person affected.